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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Automotive properties
330 49th Pl Des Moines, IA 50313-2234
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2529035
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1975
Construction
FRAME
Total area
4,214 SF
Lot
1.36 ac (59,242 SF)
Zoning code
LI
APN
270/01416-004-000
UPID
US25-2529035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Brown Motorcars Car Dealership
-
Wiges Outdoor Services Landscaping General Contractor
-
Boats 4U (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$1.12M
Owner & transaction history
Wiges Outdoor Services LLC · 4 yrs held
Wiges Outdoor Services LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
LI · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,285,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$725,000
Current use
MEDICAL BUILDING
$700,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.10M (Dec 2 2021)
Last sale anchor
$1.10M
Dec 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$266 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$7,858
Tax year 2020
Assessed value
$452,000
Assessed 2023
Previous assessed
$452,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$197,000
Assessed improvement
$255,000
Land market value
$197,000
Improvement market value
$255,000
Total market value
$452,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
4,214 SF
Lot
1.36 ac (59,242 SF)
Zoning code
LI
APN
270/01416-004-000
UPID
US25-2529035
Jurisdiction
POLK
Zoning & alternative use
LI · Des Moines, IAZoning LI · permitted uses
LI · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Wiges Outdoor Services LLC
Entity
Mailing address
30640 OLD PORTLAND RD, ADEL, IA 50003-8718
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$1,100,000
Wiges Outdoor Services LLC
Jim K Brown
Warranty Deed
—
Jul 1, 2016
—
James K Brown
—
Deed
related
$48,303,847 · Midwest Heritage Bank Fsb
Jun 26, 2008
$397,500
James K Brown
Gregor,diane
Warranty Deed
$485,000 · First American Bank
Jan 6, 2006
$405,000
Diane Gregor
49th Place LLC
Warranty Deed
—
—
—
Boats 4 U INC
—
Deed Of Trust
related
$344,000 · First American Bank
—
—
James K Brown
—
Deed Of Trust
related
$649,673 · Polk County
—
—
Boats 4 U INC
—
Deed Of Trust
related
$344,000 · First American Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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